FISHER, Judge:
Respondent determined deficiencies in income taxes against petitioners for the taxable year 1951 in the amount of $3,458.38.
The principal issue presented for our decision is whether the loss in 1951 resulting from worthlessness of the loans made by petitioner to a corporation, of which he was an officer-stockholder, is deductible as a business bad debt under section 23 (k) (1), as claimed by petitioner, or whether it is deductible as...
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